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Finance Monthly > Archives

Meet O2’s new CFO – Patricia Cobian

9th December 2016
Meet O2’s newly appointed CFO – Patricia Cobian
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Nick Haslehurst and one of the UK’s leading foreign exchange providers

9th December 2016
The second CFO that Finance Monthly reached to this month is Nick Haslehurst who joined moneycorp as Chief Financial and Operating Officer in 2012, bringing more than 17 years’ experience in global finance to the helm. Established in 1979, moneycorp is one of the largest and fastest-growing players in the foreign exchange and international payments […]
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Pension Protection Fund annual update on UK pension schemes

8th December 2016
UK pensions still facing a £779.9 billion deficit (end March 2016, full buyout basis) Investment in UK companies continues to decline, now below 7% of scheme assets, Special contributions by employers cost £10.5 billion in the first half of 2016 Active scheme membership falls below 1.5 million The Pension Protection Fund has today published its […]
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Co-operation Agreement between the Financial Conduct Authority and the Hong Kong Monetary Authority

7th December 2016
The UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) have entered into a Co-operation Agreement (Agreement) to foster collaboration between the two regulatory authorities in promoting financial innovation. According to the Agreement, the FCA and the HKMA will closely collaborate on a number of initiatives such as referrals of innovative firms, joint […]
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Financial Services Sector Makes its Highest Recorded Tax Contribution

6th December 2016
New figures published by City of London Corporation show that the total tax contribution for the financial services sector reached £71.4 billion in the year to 31st March 2016. This was a 7.4% increase on the previous year’s figures and the highest in the nine years that the report has been produced. The contribution, which […]
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Xero and Apple Pay + Stripe help customers get paid 80% faster

5th December 2016
Xero  today announced the integration of Apple Pay through Stripe, making it even faster and easier for customers to get paid. Xero’s 862,000 subscribers can now offer their customers the ability to view and pay an invoice using Apple Pay through Stripe.  Invoices paid with a payment service get paid almost 80 per cent faster […]
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Eseye launches breakthrough in IoT security with Amazon Web Services

2nd December 2016
Eseye and Amazon Web Services  announced the launch of a breakthrough in IoT Security, AnyNet Secure™. Eseye, a leading global cellular machine-to-machine (M2M) connectivity provider for Internet of Things (IoT) devices, saw the culmination of many months working with AWS at the global corporation’s Re:Invent convention in Las Vegas. Demonstrated live onstage, the new Eseye […]
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EC proposals on complex VAT need to be simple in both principle and practice, says ICAEW

1st December 2016
Commenting on the European Commission proposal to simplify rules on value-added tax (VAT) for cross-border e-commerce, Ian Young, ICAEW International Tax Manager, said: “According to a forthcoming ICAEW-EGIAN survey of more than 170 tax professionals from 29 European countries, which is the first of its kind, VAT is seen as the single most complex tax […]
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RBS fails stress test

30th November 2016
Royal Bank of Scotland has failed the 2016 Bank of England banking stress test. However the regulator said it has approved remedial action that RBS is already taking to improve its resilience to financial shocks. In aggregate the Bank of England said the UK banking system is currently capitalised to support the UK in a […]
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Financial Support Provided to Refugees in Greece via New Prepaid Card Programme

29th November 2016
Prepaid Financial Services (PFS), a leading e-money institution that specialises in prepaid cards and alternative banking services, has announced the launch of a programme for international relief organisation, Samaritan’s Purse, to provide financial aid to refugees and migrants across Greece. Samaritan’s Purse has been operating programmes in Greece for over a year, improving conditions in […]
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The Chancellor’s support for fintech not enough to fend off China

28th November 2016
Commenting on the Chancellor’s package of measures to support UK fintech, including a £500,000 a year investment for fintech specialists, Warren Mead, Global Co-lead Fintech, KPMG, comments: “The UK is a leading global force in fintech but we’re losing power to China rapidly and the announcements in the Autumn Statement will struggle to reverse the […]
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Autumn Statement: “Never had the word ‘Infrastructure’ been used so frequently”

25th November 2016
Infrastructure, it seems, has never been more high profile.  Chancellor Philip Hammond announced a spending spree on UK infrastructure in the Autumn Statement, whilst on the other side of the Atlantic, one of the focuses of Donald Trump’s election campaign was a $1 trillion infrastructure spending, with much of this also relying on private financing. The […]
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